11-8-55. Lease or transfer of property for urban renewal development--Covenants and conditions--Approval by governing body.
A municipality may sell, lease or otherwise transfer real property or any interest therein acquired by it for an urban renewal project, and may enter into contracts with respect thereto, in an urban renewal area for residential, recreational, commercial, industrial, educational, or other uses or for public use, or may retain such property or interest for public use, in accordance with the urban renewal plan, subject to such covenants, conditions, and restrictions, including covenants, running with the land, as it may deem to be necessary or desirable to assist in preventing the development or spread of future slums or blighted areas or to otherwise carry out the purposes of this chapter: provided that such sale, lease, other transfer, or retention, and any agreement relating thereto, may be made only after the approval of the urban renewal plan by the local governing body. The purchasers or lessees and their successors and assignees shall be obligated to devote such real property only to the uses specified in the urban renewal plan, and may be obligated to comply with such other requirements as the municipality may determine to be in the public interest, including the obligation to begin within a reasonable time any improvements on such real property required by the urban renewal plan.
Source: SL 1966, ch 149, ยง10 (1).
Structure South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Section 11-8-1 - Definition of terms.
Section 11-8-2 - "Slum area" defined.
Section 11-8-3 - "Blighted area" defined.
Section 11-8-4 - "Urban renewal area" defined.
Section 11-8-5 - "Urban renewal project" defined.
Section 11-8-6 - "Urban renewal plan" defined.
Section 11-8-7 - Legislative findings and declaration of necessity.
Section 11-8-9 - Formulation of municipal program for urban renewal--Elements included in program.
Section 11-8-11 - Discrimination prohibited.
Section 11-8-13 - Finding of slum area or blighted area required before approval of project.
Section 11-8-15 - Notice and hearing by governing body on urban renewal plan.
Section 11-8-16 - Findings required for approval of urban renewal project by governing body.
Section 11-8-17 - Findings required for approval of urban renewal project in open area.
Section 11-8-18 - Requirements waived for rehabilitation of disaster area.
Section 11-8-19 - Modification of urban renewal plan--Rights of lessee or purchaser protected.
Section 11-8-20 - Plan or modification effective on approval by governing body.
Section 11-8-21 - Necessary powers granted to municipality.
Section 11-8-23 - Municipal power to make urban renewal inspections and surveys--Property powers.
Section 11-8-24 - Municipal power to develop plans--Demonstration projects.
Section 11-8-26 - Relocation assistance and payments to persons displaced from urban renewal area.
Section 11-8-27 - Changes in streets and public places--Replanning.
Section 11-8-29.1 - Appropriations by municipality to finance projects.
Section 11-8-30 - Acceptance of loans and grants--Agreement to conditions of federal assistance.
Section 11-8-31 - Investment of reserve and debt service funds--Redemption of bonds.
Section 11-8-32 - Coordination of urban renewal activities--Organization of municipal government.
Section 11-8-33 - Combination of powers exercised by municipality.
Section 11-8-35 - Municipal power to assist as public body.
Section 11-8-41 - Appointment and terms of office of commissioners of urban renewal agency.
Section 11-8-42 - Commissioners and urban renewal officers not to hold other public office.
Section 11-8-44 - Removal of commissioner from office--Notice and hearing.
Section 11-8-50 - Eminent domain power for urban renewal--Property devoted to prior public use.
Section 11-8-54 - Temporary operation and maintenance of urban renewal property by municipality.
Section 11-8-60 - Municipal conveyance conclusively presumed valid.
Section 11-8-61 - Recording of urban renewal plan and contract for transfer of property.
Section 11-8-62 - Formalities waived in disposition of property acquired prior to approval of plan.
Section 11-8-66 - Power to issue bonds for urban renewal projects--Refunding bonds.
Section 11-8-68 - Resolution or ordinance authorizing bonds.
Section 11-8-71 - Bonds not subject to debt limitation.
Section 11-8-72 - Tax exemption of bonds.
Section 11-8-73 - Recital in bond conclusive of purpose and validity.
Section 11-8-75 - Chapter controlling and supplemental to other laws.